YBTY vs. PBP

Last updated Jun 6, 2026

YBTY (GraniteShares YieldBOOST TopYielders ETF) and PBP (Invesco S&P 500 BuyWrite ETF) are both Derivative Income funds. YBTY is actively managed, while PBP is passively managed. A 0.56 correlation means they provide meaningful diversification when combined. YBTY charges 1.38%/yr vs 0.29%/yr for PBP.

Performance

YBTY vs. PBP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares YieldBOOST TopYielders ETF (YBTY) and Invesco S&P 500 BuyWrite ETF (PBP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, YBTY achieves a -18.16% return, which is significantly lower than PBP's 3.98% return.

YBTY

• 1D: -2.29%
• 1M: -2.98%
• YTD: -18.16%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PBP

• 1D: -1.00%
• 1M: 0.82%
• YTD: 3.98%
• 6M: 5.42%
• 1Y: 17.18%
• 3Y*: 11.22%
• 5Y*: 7.91%
• 10Y*: 7.03%

*Multi-year figures are annualized to reflect compound growth (CAGR)

YBTY vs. PBP - Yearly Performance Comparison

	2026 (YTD)	2025
YBTY GraniteShares YieldBOOST TopYielders ETF	-18.16%	-7.96%
PBP Invesco S&P 500 BuyWrite ETF	3.98%	1.12%

Correlation

The correlation between YBTY and PBP is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 17, 2025	0.56

YBTY vs. PBP - Sectors Allocation Comparison

Sectors	YBTY	PBP
Financial Services	96.6%	11.4%
Basic Materials	-	1.8%
Communication Services	-	10.9%
Consumer Cyclical	-	10.2%
Consumer Defensive	-	4.7%
Energy	-	3.3%
Healthcare	-	8.6%
Industrials	-	7.8%
Real Estate	-	1.8%
Technology	-	39.5%
Utilities	-	2.6%

Return for Risk

YBTY vs. PBP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PBP

PBP Risk / Return Rank: 81
PBP Sharpe Ratio Rank: 79
PBP Sortino Ratio Rank: 82
PBP Omega Ratio Rank: 89
PBP Calmar Ratio Rank: 69
PBP Martin Ratio Rank: 86

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

YBTY vs. PBP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST TopYielders ETF (YBTY) and Invesco S&P 500 BuyWrite ETF (PBP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	YBTY	PBP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.49	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.67	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.52	—
Sharpe Ratio (All Time) Calculated using the full available price history	-2.08	0.34	-2.42

Drawdowns

YBTY vs. PBP - Drawdown Comparison

The maximum YBTY drawdown since its inception was -27.66%, smaller than the maximum PBP drawdown of -43.43%. Use the drawdown chart below to compare losses from any high point for YBTY and PBP.

Drawdown Indicators

	YBTY	PBP	Difference
Max Drawdown Largest peak-to-trough decline	-27.66%	-43.43%	+15.77%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.22%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.42%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.61%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.31%	—
Current Drawdown Current decline from peak	-25.64%	-1.05%	-24.59%
Average Drawdown Average peak-to-trough decline	-18.47%	-6.69%	-11.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.99%	—

Volatility

Volatility by Period

	YBTY	PBP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.42%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.62%	—
Volatility (1Y) Calculated over the trailing 1-year period	22.05%	6.95%	+15.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.05%	11.86%	+10.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.05%	13.66%	+8.39%

YBTY vs. PBP - Expense Ratio Comparison

YBTY has a 1.38% expense ratio, which is higher than PBP's 0.29% expense ratio.

Dividends

YBTY vs. PBP - Dividend Comparison

YBTY's dividend yield for the trailing twelve months is around 49.79%, more than PBP's 11.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PBP Invesco S&P 500 BuyWrite ETF	11.26%	11.12%	9.36%	3.35%	1.33%	6.21%	1.41%	5.04%	2.59%	10.86%	2.56%	6.19%
YBTY GraniteShares YieldBOOST TopYielders ETF	49.79%	4.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both YBTY and PBP in my portfolio?

YBTY and PBP have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, YBTY or PBP?

On fees, PBP is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, YBTY or PBP?

PBP is cheaper with a 0.29% expense ratio, compared with 1.38% for YBTY.

Which ETF pays a higher dividend yield, YBTY or PBP?

YBTY has the higher dividend yield at 49.79%, compared with 11.26% for PBP.

What is the main difference between YBTY and PBP?

They also come from different issuers: GraniteShares and Invesco. Their fees differ too: 1.38% for YBTY and 0.29% for PBP.